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Office Insurance

Premium Starts @ 350

(Excluding Taxes)

Premium Starts @ 350 excluding Taxes
Benefits
Cover fire insurance and natural catastrophes such as flood and earthquake
Get quotes from leading insurers such as HDFC Ergo, New India, Bajaj Allianz, and Iffco Tokio
Buy all risk insurance policy for electronic equipment
Add-on special covers for burglary and theft
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Advantages of Office Insurance

Package Policy

Single property insurance policy can cover all types of commercial assets including building, furniture, fittings and fixtures, electrical and electronic equipment, laptops and mechanical equipment.

Customized Cover

Apart from basic commercial office insurance coverage such as fire insurance, you can opt for add-on covers like burglary, theft, earthquake, electronic equipment insurance, and laptop insurance.

Add-Ons

Policy can have several add-ons such as escalation clause, omission to insure, damage due to own cranes, and rent for alternative accomodation in the event the property cannot be used due to a claim.


Easy Documentation

Getting office insurance is easy. The sum assured for fire needs to be self declared. Details are needed only for laptop all risk insurance where the make, model and serial number are required.

Benefits of Office Insurance

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Range of Risks Covered

  • The office property insurance policy covers the loss or damage caused from fire, lightning strike, natural catastrophes and other specified perils such as impact damage or leakage due to bursting of pipes.

  • Electrical and electronic equipments can be covered for mechanical breakdown and short circuit.

  • Portable equipments such as laptops can be covered for theft during transit.

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    Insurance at Reinstatement Value

  • Insurance policy would reimburse the cost of reinstating the asset to its condition prior to loss. Depreciation charge is not deducted if the reinstatement value clause is applied.

  • By default claims in fire insurance policies are settled based on market value i.e., after deduction of depreciation.

  • Under reinstatement clause, property has to be reconstructed to be eligible for the claim.

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    Consequential Loss

  • Select subsequent losses arising from a covered peril insured under the policy could also be indemnified. For example, rent for an alternative accomodation during the reinstatement period.

  • Under Fire Loss of Profits (FLOP), loss of profits during the reconstruction period is covered.

  • Gross profit or Net Profit + Standing expenses, is considered for FLOP Insurance.

  • Frequently Asked Questions

    Office property insurance covers all your assets from various risks & perils such as Fire, lightning, riot, strike, malicious damage, mechanical & electronic breakdown, burglary, storm, tempest, flood and inundation. There are add on coverage such as earthquake, terrorism, theft and rent for alternative accommodation which can also be covered in the property insurance.
    Office property insurance policy does not cover normal wear and tear due to deterioration, intentional damage to the property, damage to the property due to war, illegal activity or pollution. Also, the common exclusions in office fire insurance policy also includes damages due to radioactive contamination and pollution or contamination losses.
    The biggest advantage of office insurance is that a single policy can cover many risks under one package policy. You can cover third party liability cover in your office package policy as well along with covering other assets and risks for your office. SecureNow will help you design a comprehensive and cost effective insurance cover for your office property.
    Apart from standard fire and special perils policy coverage, add-ons like fidelity cover, cash in safe and transit, plate glass, neon sign, fire loss of profit, rent for alternative accommodation, public liability etc can be covered by paying additional premium. There are add on coverage such as terrorism, all risk laptop insurance and breakdown of electrical equipment which can also be covered.

    Insuropedia

    What Is Tenants Legal Liability Under Office Insurance?

    Many businesses rent the premises and assets on the premise to operate the office. In the case of a burglary, fire or another incident, both assets belonging to the owner of the premise and tenant, can be damaged. In the case of damage to the owner’s assets (used by the tenant), the liability falls on the tenant...
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    What Is Reinstatement Value Clause in Office Insurance Policy?

    Reinstatement Value Clause (RVC), defines the terms and conditions of payment of reinstatement claims under property insurance policies. It defines the reinstatement value that will be payable after the loss, and the conditions under which this value may be altered even after the claim has been accepted by the insurer ...
    Read More

    What is the average clause in fire insurance?

    A fire insurance policy has an average clause mentioned in it which takes care of the cases of the under-insurance. In the fire insurance policy, if the assets are insured for less than their full value, the insured is required to bear a proportion of the loss according to the average clause mentioned in the policy document ...
    Read More

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